Weak demand amid slower construction activity, excess production capacity, rising production costs and cheaper imports are putting growing pressure on the country’s float glass manufacturers, squeezing their profit margins.

Bangladesh has sought Australia’s support for joining the Regional Comprehensive Economic Partnership (RCEP) to secure preferential market access after graduating from the least developed country (LDC) category.

The Bangladesh Bank (BB) yesterday introduced provisions for digital trade documents and alternative finance mechanisms, such as factoring to reduce the economy’s reliance on traditional paper-based Letters of Credit (LCs).

The government’s debt is growing faster than its revenue base, widening the gap between accumulated debt and the state’s annual resource mobilisation capacity, according to Bangladesh Bank’s latest report.

The government is tightening its watch on aromatic rice exports as domestic prices rise sharply, asking exporters to report their actual shipments so that unused quotas can be reviewed.

Saudi Arabia has opened the high-demand Bangladesh-Saudi air route wider under a new bilateral deal, giving Bangladeshi airlines more room to expand. But how much of that opportunity they can use will depend on whether they have enough aircraft.

City Group, one of Bangladesh’s leading commodity importers and processors, plans to raise up to Tk 1,500 crore from the capital market to broaden its funding base and reduce its reliance on bank loans.

Delegation welcomes current reform efforts

The three-day exhibition, SOURCING, was held from August 10 to 12

Commerce Secretary Md Ataur Rahman Khan is now leading a delegation on a tour to Australia and New Zealand to find out opportunities to increase bilateral trade

Commerce Secretary Md Ataur Rahman Khan made the call at a meeting in Australia’s Canberra today with Ravi Kewalram, first assistant secretary of the Australian Department of Foreign Affairs and Trade, and Sarah Storey, first assistant secretary of the South and Central Asia Division

They will be honoured in recognition of their outstanding contributions to fisheries production, research, technological innovation, extension services, administrative efficiency and entrepreneurship development

Exporters are asked to submit actual shipment data in three workdays

During a visit to Bangladesh, the ADB vice president engaged in strategic consultations on ADB’s upcoming country partnership strategy and held policy dialogues aimed at accelerating key economic reforms, mobilising private capital, and strengthening climate resilience

Under this initiative, a comprehensive full-count field-level data collection drive using a short questionnaire will be conducted within this month

Fina will deploy the facilities in the Saudi market to expand merchants' access to working capital

New MoU also provides for 21 weekly cargo flights, fifth freedom traffic rights, co-terminalisation and aircraft leasing

Urges US businesses to ‘invest with confidence’

Huawei yesterday launched what it described as Bangladesh’s first grid-forming smart string inverter and large-scale battery energy storage system (BESS), as the country seeks to expand renewable power while dealing with challenges in maintaining grid stability.

Oil prices rose on Wednesday after attacks on two ships reinforced worries about disruptions to Middle East supplies, while industry data showing swelling inventories of US crude might keep bulls in check.